Guideline Value for Anna Veethi

Anna Veethi guideline value

The current guideline value of Anna Veethi is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Anna Veethi has changed

The guideline value for Anna Veethi has seen several revisions over the years. In 2002, the value was Rs 139 per sq.ft, which increased to Rs 200 per sq.ft in 2003. The value then rose significantly to Rs 400 per sq.ft in 2007, followed by a substantial increase to Rs 2,200 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 1,474 per sq.ft. The most recent revision in 2024 set the value at Rs 2,400 per sq.ft, marking an increase of 63% from the 2017 revision.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 1627%. It is important to note that there is no figure for Anna Veethi in the 2023 revision.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with the 2024 guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for this area is Rs 2,400 per sq.ft, which is equal to the current guideline value of Anna Veethi.

• Annebesant Avenue (Sri Nagar Colony): Rs 2,700 per sq.ft (2024)
• Anna Street (S.No.269/2): Rs 2,400 per sq.ft (2024)
• Anna Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Anugraham Nagar: Rs 1,200 per sq.ft (2024)
• Anugraham Nagar Virivakkam: Rs 1,200 per sq.ft (2024)
• Anuman Nagar: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Anna Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Anna Veethi?

The Sub Registrar Office that covers Anna Veethi is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirumullaivoyal

The guideline value plays a crucial role during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two will be used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Anna Veethi?

The current guideline value of Anna Veethi is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 139 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 1627% over this period.

What is the land classification for Anna Veethi?

Anna Veethi is classified as Residential Class I Type - I, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Anna Veethi?

The Sub Registrar Office for Anna Veethi is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Anna Veethi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 at 7%.